Retail Watcher: Consumers Will Soon Pay More Because of Retail Theft Surge

RUSH EXCERPT:

HERZOG: “Exactly. Why would they call out the specific jurisdictions? It comes down to politics. You’re right. It has to — they have to at some point, these cities have to take it into consideration and take it upon themselves to help the retailers. Retailers can only do so much. As we’re seeing, this is sort of the last sort of like call for help. When you’re seeing these cfos on earnings calls saying look at how it’s eroding our profits. It’s going to impact the consumer. We’re going to have to turn to raising prices. Making sure that we are accounting for all of that attrition and all of that shrink. It’s going to come down to the consumers to have to pay for it. That’s not what they want to do specifically in the case of Walmart when they want to make sure prices are always affordable for everyone. I’m not trying to sell like a Walmart commercial but that’s their thing, low prices. But with all retailers, those prices are going to increase to account for this and it’s going to come back down to the consumer.”